Horrell Capital Management Inc. Boosts Position in Entergy Corporation (NYSE:ETR)

Horrell Capital Management Inc. increased its holdings in Entergy Corporation (NYSE:ETR) by 100.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,298 shares of the utilities provider’s stock after acquiring an additional 26,687 shares during the quarter. Horrell Capital Management Inc.’s holdings in Entergy were worth $4,041,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in ETR. Vanguard Group Inc. boosted its stake in shares of Entergy by 101.9% during the 4th quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider’s stock valued at $3,952,773,000 after purchasing an additional 26,312,267 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Entergy by 53.0% in the third quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider’s stock worth $754,318,000 after buying an additional 1,981,611 shares during the period. Boston Partners boosted its position in Entergy by 87.3% during the 4th quarter. Boston Partners now owns 3,215,746 shares of the utilities provider’s stock valued at $243,867,000 after acquiring an additional 1,498,693 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Entergy by 139.5% during the 4th quarter. Jennison Associates LLC now owns 2,423,556 shares of the utilities provider’s stock worth $183,754,000 after acquiring an additional 1,411,473 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Entergy by 105.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,748,828 shares of the utilities provider’s stock worth $208,416,000 after acquiring an additional 1,408,476 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Entergy Stock Performance

ETR stock opened at $83.74 on Monday. The stock’s 50 day simple moving average is $82.90 and its 200 day simple moving average is $75.16. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. Entergy Corporation has a 12-month low of $50.19 and a 12-month high of $88.38. The stock has a market capitalization of $36.07 billion, a PE ratio of 34.39, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $3.24 billion. During the same period in the prior year, the company posted $0.26 earnings per share. As a group, research analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were issued a dividend of $0.60 per share. The ex-dividend date was Monday, February 10th. This represents a $2.40 annualized dividend and a dividend yield of 2.87%. Entergy’s payout ratio is 98.77%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ETR shares. JPMorgan Chase & Co. lifted their price target on Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. StockNews.com upgraded shares of Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. Wells Fargo & Company increased their price target on shares of Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Evercore ISI boosted their price objective on shares of Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. Finally, Morgan Stanley raised their target price on shares of Entergy from $75.00 to $78.00 and gave the company an “equal weight” rating in a research note on Thursday. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Entergy currently has an average rating of “Moderate Buy” and a consensus price target of $84.75.

Entergy Profile

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.